Stock / Bangladesh

Market bearing scars of corrective punitive actions

Market bearing scars of corrective punitive actions

Some regulatory actions, though mostly hailed as corrective measures, caused the market to take a U-turn to a persistent decline. Market experts say it is the doing of a handful of influential people who have been penalized. In the last few sessions, the market's fall accelerated and on Tu


Stocks extend losses on profit booking

Stocks extend losses on profit booking

Stocks on Tuesday extended its losing streak as the risk-averse investors preferred to book profit on quick-gaining shares. DSEX, the key index of the Dhaka Stock Exchange (DSE), closed the day with 11.83 points down and settled at 5,323.22 points. The DS30 index, comprising blue chips, fell 3.01

Stocks open lower as large-cap shares plunge

Stocks open lower as large-cap shares plunge

Stocks opened lower in early trading Tuesday, as major stocks plunged. The prime index of the Dhaka Stock Exchange (DSE) went down by 33.84 points or 0.63 per cent to 5,301 within the first one and half hours of trading at 11:36 am. The blue-chip DS30 index, a group of 30 prominent companies, als

Armed forces to assist BSEC in ensuring its security

Armed forces to assist BSEC in ensuring its security

Members of the armed forces and other law enforcement agencies will help Bangladesh Securities and Exchange Commission (BSEC) in ensuring its security. BSEC Chairman Khondoker Rashed Maqsood held a meeting with the representatives of armed forces and different law enforcement agencies in this rega

Stocks down at opening with thin participation

Stocks down at opening with thin participation

Stocks opened lower in early trading on Monday, with low participation of investors, as the investors were mostly reluctant to invest in shares to avoid further capital erosion. Following the major setback in the previous day, the prime index of the Dhaka Stock Exchange (DSE) went down by 30 point

Yields on T-bills fall slightly

Yields on T-bills fall slightly

The yields on two types of treasury bills (T-bills) fell slightly on Sunday as banks expressed willingness to invest their excess liquidity in short-term securities. The cut off yield, generally known as interest rate, on the 91-day T-bills came down to 11.45 per cent on the day from 11.48 per cen

Islami Bank leads blue chips in dragging DSEX

Islami Bank leads blue chips in dragging DSEX

Poor performance of the stock of Islami Bank Bangladesh coupled with the erosion of other blue chip stocks caused a sharp fall of the broad index of the Dhaka Stock Exchange (DSE) on Sunday. Islami Bank's decline on the bourse itself wiped out 29.3 points of the DSE broad index DSEX. The day's se

Submarine Cables' profit falls 34pc in FY24

Submarine Cables' profit falls 34pc in FY24

Bangladesh Submarine Cables showed a 23 per cent year-on-year reduction in revenue and more than 34 per cent profit erosion in FY24, compared to the previous year. According to the financial statement of the state-owned voice and data bandwidth service provider, the revenue fell mainly due to lowe

Plea to remove Summit Power from list of cos

Plea to remove Summit Power from list of cos

The Summit Power International Limited (SPIL) has made an urgent plea to the government to remove Summit Group from the list of companies in a recent notice of the taxman suspending transfer of share. Incorporated in Singapore, the SPIL made the plea in a letter, dated 04 October 2024, sent to the